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15-10-2014, 05:13 PM
(This post was last modified: 15-10-2014, 05:15 PM by specuvestor.)
I think commodity prices are actually notoriously difficult to forecast because the profits gets rechanneled into capex and it becomes a feeding frenzy until margins suddenly collapse on supply. Iron ore is a good case study.
The term capex is also generalization. For example an exploration well is not the same as production well. The former is variable cost the latter is sunk cost
The term capex is also generalization. For example an exploration well is not the same as production well. The former is variable cost the latter is sunk cost
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)